National Fertilizers Ltd. (NFL) AI Stock Analysis

• Market Cap: ₹42.16B
• Dividend Yield: 1.82%
• Average Volume (3M): 41.73K
• Price to Earnings (P/E): 40.0
• Beta (1Y): 1.71
• Revenue Growth: -7.78%
• EPS Growth: -70.89%
• Country: IN
• Employees: 2,739
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): -0.73
• Shares Outstanding: 490,578,400
• 10 Day Avg. Volume: 43,953
• 30 Day Avg. Volume: 41,728
• PEG Ratio: 0.99
• Price to Book (P/B): 1.50
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 1.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ₹81.00 ▼(-5.74% Downside)

National Fertilizers Ltd. faces significant challenges, with financial volatility and bearish technical indicators being the most impactful factors. The high P/E ratio suggests overvaluation, and while there are signs of financial recovery, the overall outlook remains cautious.

Positive Factors

Cash Flow Improvement

Improved operating cash flow enhances liquidity, providing the company with more flexibility to manage operations and invest in growth opportunities.

Robust Distribution Network

A strong distribution network supports consistent revenue generation and market penetration, crucial for sustained growth in the agricultural sector.

Product Portfolio Expansion

Expanding into bio-fertilizers and agro-based products aligns with sustainable agriculture trends, potentially driving long-term revenue growth.

Negative Factors

High Financial Leverage

High financial leverage can strain the company's financial health, limiting its ability to invest in growth and manage economic downturns.

Volatile Revenue Base

Revenue volatility undermines financial stability, making it challenging to plan long-term investments and growth strategies.

Fluctuating Profit Margins

Inconsistent profit margins can impact the company's ability to reinvest in its business and maintain competitive pricing strategies.

National Fertilizers Ltd. Business Overview & Revenue Model

Company Description

National Fertilizers Limited engages in the production and marketing of urea products, industrial products, and bio-fertilizers in India. It operates through Own Fertilizers, Fertilizers Trading, and Other Products & Services segments. The company offers Kisan urea for various types of crops, as well as for foliar sprays; neem coated urea and bentonite sulphur products; bio-fertilizers, including rhizobium, phosphate and zinc solubilizing bacteria, and azetobactor that are used to supplement chemical fertilizers, as well as to maintain soil fertility; and industrial products comprising nitric acid dilute, ammonium nitrate, anhydrous ammonia, and sodium nitrite and nitrate under the KISAN brand name, as well as certified seeds under the Kisan Beej brand name. It also trades in compost products; and agrochemicals/pesticides comprising insecticides, herbicides, and fungicides, as well as potassium chloride, diammonium phosphate, and nitro phosphate. National Fertilizers Limited was incorporated in 1974 and is based in Noida, India.

How the Company Makes Money

National Fertilizers Ltd. generates revenue primarily through the sale of its fertilizer products, especially urea, which is subsidized by the Indian government. The company benefits from a robust distribution network that ensures its products reach farmers effectively. Key revenue streams include direct sales to farmers, contracts with wholesalers and retailers, and government supply agreements. NFL also engages in exports to international markets, enhancing its revenue. Strategic partnerships with agricultural cooperatives and government initiatives aimed at boosting food production further contribute to the company’s earnings. Additionally, NFL's initiatives in producing bio-fertilizers and other agro-based products are expected to open up new revenue avenues in the sustainable agriculture sector.

National Fertilizers Ltd. Financial Statement Overview

Summary

National Fertilizers Ltd. shows financial challenges with volatile revenues and fluctuating net profit margins. Despite a slight recovery in net income and improved operating cash flow, high financial leverage poses risks.

Income Statement

National Fertilizers Ltd. has faced challenges in maintaining a stable revenue base, with recent years showing significant volatility in total revenue. The company has struggled with profitability, as indicated by fluctuating net profit margins and negative gross profits in some years. However, the most recent year shows a slight recovery in net income, which is a positive sign.

Balance Sheet

The balance sheet shows a moderate level of stability with a consistent stockholders' equity position. However, the debt-to-equity ratio is relatively high, indicating potential financial leverage risks. Nevertheless, the equity ratio remains stable, suggesting some resilience in the company's asset financing structure.

Cash Flow

Cash flow analysis indicates an improvement in operating cash flow in the most recent year, which is promising for liquidity. The company has managed to generate positive free cash flow after a period of negative cash flows, enhancing its cash position. However, cash flow from investing and financing activities signals caution in capital allocation and debt management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	182.37B	197.94B	235.60B	71.17B	49.08B	46.75B
Gross Profit	35.44B	25.63B	-142.92B	-202.85B	-85.58B	-44.52B
EBITDA	7.41B	8.10B	8.02B	12.70B	6.16B	9.31B
Net Income	1.53B	1.84B	1.50B	4.58B	-951.20M	2.37B
Balance Sheet
Total Assets	0.00	93.11B	112.06B	125.34B	104.94B	84.12B
Cash, Cash Equivalents and Short-Term Investments	327.80M	1.42B	299.30M	132.10M	258.20M	393.30M
Total Debt	0.00	20.01B	40.91B	39.93B	31.72B	18.92B
Total Liabilities	-27.16B	65.95B	86.51B	99.92B	84.47B	62.72B
Stockholders Equity	27.16B	27.16B	25.54B	25.42B	20.47B	21.40B
Cash Flow
Free Cash Flow	0.00	23.86B	3.76B	-5.41B	-13.26B	66.03B
Operating Cash Flow	0.00	25.90B	6.68B	-3.33B	-10.29B	70.21B
Investing Cash Flow	0.00	-2.68B	-3.34B	-2.06B	-1.29B	-4.97B
Financing Cash Flow	0.00	-23.34B	-3.18B	5.26B	11.45B	-65.05B

National Fertilizers Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 85.93
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NFL, the sentiment is Negative. The current price of 85.93 is above the 20-day moving average (MA) of 85.52, below the 50-day MA of 90.12, and below the 200-day MA of 91.38, indicating a neutral trend. The MACD of -1.13 indicates Negative momentum. The RSI at 45.37 is Neutral, neither overbought nor oversold. The STOCH value of 39.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NFL.

National Fertilizers Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNFC	70 Outperform	₹71.40B	11.23	―	3.70%	-7.53%	42.74%
GSFC	68 Neutral	₹69.18B	10.35	―	2.88%	15.25%	26.49%
RCF	62 Neutral	₹76.44B	24.46	―	0.95%	-3.19%	59.25%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGCHEFER	61 Neutral	₹36.55B	22.64	―	0.49%	-7.43%	8.03%
MADRASFERT	48 Neutral	₹11.85B	14.96	―	―	3.38%	0.68%
NFL	45 Neutral	₹42.16B	40.01	―	1.82%	-7.78%	-70.89%

National Fertilizers Ltd. Corporate Events

National Fertilizers Ltd. Reports on Physical Share Transfer Requests

National Fertilizers Ltd. has released a report regarding the re-lodgement of transfer requests for physical shares under a special window provided by a SEBI circular. The report, covering the period from October 1 to October 31, 2025, indicates that no requests were received, processed, approved, or rejected during this time. This suggests a lack of shareholder activity concerning physical share transfers, which may reflect on the company’s current operational focus or market conditions.